Starring Cate Blanchett and Rooney Mara, the movie was the front-runner at the Golden Globe nominations with nods in the top categories including best drama, best director and best actress for both of its lead stars.
While relatively newcomer Brie Larson defeated Blanchett and Mara to emerge as the best actress, Todd Hynes lost to Alejandro Gonzalez Inarritu ('The Revenant').
The best film award was also bagged by "The Revenant", which became the lead winner at the awards with its lead star Leonardon DiCaprio winning the best actor. In total, "The Revenant" took home three out of four awards, it was nominated for.
After scoring big with critics groups and landing significant support from the guilds, director Tom McCarthy's celebrated picture "Spotlight" won nothing at Globes.
Alicia Vikander ('The Danish Girl' and 'Ex Machina'), Lily Tomlin ('Grace and Frankie' and 'Grandma'), Idris Elba ('Beasts of No Nation' and 'Luther') and Mark Rylance ('Bridge of Spies' and 'Wolf Hall') were all nominated for two Globes this year, but the dual bids did not help.
In the TV category, a lot of surprises were thrown in as ignoring Emmy-winner "Game of Thrones" and biggest getter in nominations, "Empire", the drama award was given to lesser-known "Mr Robot".
The American drama-thriller series registered another surprise at the ceremony -- best supporting actor for Christian Slater in limited series or TV movie.
Lady Gaga's win for "American Horror Story" in best actress in a miniseries or motion picture for television category was another shocker as Queen Latifa ('Bessie') was being considered the strongest contender.
FX's anthology series "Fargo" is a critics favourite and won two Globes last year for lead actor (Billy Bob Thornton) and limited series.